Sorry PBT. The S&P is NOT strong. Do yourself a favor and look at a 10 Year Monthly S&P chart using a RSI (14) bottom indicator. You'll notice it's over 80 (indicating strongly overbought). Look at what happen the last time it hit that level.

Gold And Silver Now 'Buy And Hold,' And 'Golden Cross' Is Imminent [View article]

Today's big drop in jobless claims brings the level below that of early 2011 when the economy was doing well enough for some at the Fed to begin talking of rate hikes before year's end. At 352K, the number is only marginally higher than the pre-financial crisis level of claims. [View news story]

I am a polical atheist and feel that every politician does things in their own self interest rather than for the benefit of the society.

Today's big drop in jobless claims brings the level below that of early 2011 when the economy was doing well enough for some at the Fed to begin talking of rate hikes before year's end. At 352K, the number is only marginally higher than the pre-financial crisis level of claims. [View news story]

sounds like the rationale behind the folks that voted for George "Dubya"